Household bank deposits +39% since crisis as rates plunge… TWO YEARS of sin, ten years of purgatory, and a $4.9 billion balloon payment to reach contrition, writes Adrian Ash at BullionVault. This week’s full and final settlement with the US Department of Justice over pumping out crappy mortgage-backed bonds between 2005-2007 means the […]
GOLD PRICES lagged silver and platinum but neared their first weekly gain in four against the Dollar on Friday, erasing last week’s 0.8% loss to trade at $1324 per ounce. World stock markets also showed a small gain for the week as bond prices rose, edging longer-term interest rates down from their recent multi-year […]
Recently, Silver has been trading upwards. As I expected, the price tested the level of $16.74. According to the H4 time – frame, I found a successful breakout of the bullish flag in the background, which is a sign that buyers are in control. I also found a hidden bullish divergence on the RSI oscillator, […]
Gold price broke above the short-term resistance of $1,319-20. Gold is bouncing as expected. Any pullback towards $1,310 is a buying opportunity targeting $1,330 next. Trend has changed to bullish. Blue line -long-term resistance Red line – long-term support Black line – short-term resistance Gold price is pulling back as a back test of the […]
Overview: The USD/CHF pair didn’t make a significant movement last two days. There are no changes in my technical outlook. The bias remains bullish in the nearest term, testing 1.0134 or higher. The price is still moving around the major support of 0.9933. The USD/CHF pair follows a bullish trend from the support levels of […]
BUY GOLD prices jumped to 4-month highs against the British Pound in London trade Thursday after the Bank of England failed to raise UK interest rates yet again, despite inflation continuing to exceed its official target of 2.0% per year. With Tehran vowing “resistance” and denying it has any military bases in Syria after […]
Recently, Silver has been trading upwards. As I expected, the price tested the level of $16.59 and met my yesterday’s target. According to the H4 time – frame, I found the breakout of a potential bullish flag, which is a sign that buyers are in control. I also found a potential end of bearish correction […]
Gold price continues to trade sideways below the resistance of $1,320. I continue to be bullish and expect Gold price to move at least towards $1,330. Possible targets to the upside are $1,331 and $1,348. Black line – short-term resistance Red line – long-term support Blue line – long-term resistance Gold price has short-term resistance […]
Overview: The USD/CHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.0134 or higher. The USD/CHF pair follows a bullish trend from the support levels of 0.9945 and 0.9993. Currently, the price is in a bullish channel. This is confirmed by the […]
The increase in the yield of 10-year US Treasury bonds above the psychologically important 3% mark and the strengthening of the dollar to its highest level since December led to a fall in gold futures quotations to the lower boundary of the medium-term consolidation range of $1300-1360 per ounce. Neither Washington’s withdrawal from the 2015 […]
Overview Gold price has been trading downwards since morning to approach 1,301.20 level as suggested in our last report. As long as the price is between the mentioned support and 1,316.48 resistance, the sideways move scenario will remain dominant on the intraday basis, waiting to surpass one of these levels to detect the next targets […]
Overview The tight range continues to dominate the silver price, which fluctuates around the EMA50. The price keeps within the sideways track that appears on the chart, confined between 16.15 support and 16.80 resistance. I’m waiting for the price to surpass one of these levels to detect the next targets clearly, reminding you that breaking […]
Recently, silver has been trading sideways at the price of 16.38. According to the H1 time frame, I found that the price is trading inside of the potential bullish flag, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The breakout of the bullish flag may confirm […]
GOLD PRICES rallied Wednesday in London after dipping within $2.50 of last week’s new 2018 lows versus the Dollar following President Trump’s decision to pull the US out of the 2015 deal with Iran over its nuclear research program. Wholesale gold bullion bars bounced almost $10 per ounce from $1304.50 as world stock markets […]
EUR / USD pair On Tuesday, the euro was under pressure for the whole day from a variety of political and economic factors. Germany’s trade balance for March was better than forecast of 22.0 billion euros against 19.9 billion. The indicator was revised to increase from 19.2 to 19.4 billion euros in February. Germany’s industrial […]
Gold price remains below the short-term resistance of $1,320 and above the short-term support and reversal area of $1,300. At current levels I’m bullish on gold. The downside is limited. A break above $1,319 will be the first bullish reversal confirmation. Red line – horizontal support The price bounced off the 50% Fibonacci retracement. The […]
According to the US financial media, the owner of the New York NYSE Exchange, the Intercontinental Exchange (ICE), reflects the possibility of trading Bitcoin on its platform. This move will indicate that there is the second giant on Wall Street in the last week, which is interested in opening the platform for trading cryptocurrencies. This […]
Reasons for the trading strategy (fundamental): Former Goldman Sachs President Gary Cohn said Tuesday he thinks the world will have a global cryptocurrency that is not bitcoin. “I’m not a big believer in bitcoin. I am a believer in blockchain technology,” Cohn told CNBC. He expects the digital coin of the future will be simpler […]
Overview: The USD/CHF pair follows a bullish trend from the support levels of 0.9945 and 0.9993. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), the immediate support is […]
Like Trump’s man said: Dollar up, gold demand down… SAY WHAT you like about Donald Trump, but he does what he tweets, writes Adrian Ash at BullionVault. “The Dollar is going to get stronger and stronger and ultimately I want to see a strong Dollar,” the grabber-in-chief told CNBC in January…back when the […]
Overview Silver price did not show any strong move in the previous sessions. The price is still fluctuating around 16.56 level. Thus, the sideways scenario remains valid until the price manages to breach any of its borders, represented by 16.15 support and 16.80 resistance. Please note that the details of the expected targets after breaching […]
In the first three months of 2018 new owners found 973.5 tonnes of gold. This is 7% less than last year and the weakest result of the first quarter since 2008 – the World Gold Council (WGC) informed. Demand for gold jewelry remained stable and amounted to 487.7 tons, which is only 1% less than […]
GOLD BULLION rose near 2-year highs against the Australian Dollar on Tuesday even as gold priced in US Dollars fell back below $1310 – its lowest level in more than a month when first reached last week. The second-largest gold mining nation behind China, Australia has grown its annual output by 15% since the […]
Recently, Gold has been trading sideways at the price of $1,311.00. According to the H1 time – frame, I found a breakout of a smaller bearish flag in the background, which is a sign that there is a room for at least one downward leg. I also found a hidden bearish divergence on the moving […]
Gold price is preparing a bounce towards $1,330 at least. The price is making a base around $1,310. I’m bullish on gold. This could be a short-term bounce but there are also chances of this being the start of a big move higher towards $1,400. The key moment for this scenario is the break above […]
Overview: On the one-hour chart, the USD/CHF pair follows a bullish trend from the support levels of 0.9945 and 0.9993. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), […]
Gold price has broken out of the bearish channel, but remains below the Ichimoku cloud resistance in the 4 hour chart. Trend remains bearish as long as the price is below $1,320. On a break above $1,320, we will have short-term higher highs and higher lows. Combined with the bullish divergence in the RSI, we […]
The US labor market report for April, published on Friday, surprised the markets with a noticeable deviation from forecasts. The number of new jobs increased by 164 thousand, this is much less than forecasts, the unemployment rate has decreased from 4.1% to 3.9%, and this is a trough for more than 17 years. At the […]
GOLD PRICES rose Friday against all major currencies except the US Dollar and Japanese Yen as new data showed unemployment in the United States falling to a new 17-year low. Both the total of jobs added and average pay growth failed to meet analyst forecasts for April. But as more people left the […]
Overview The Gold price shows expected bearish bias after testing 1,316.48 level, on its way to test 1,301.20 level in the upcoming sessions, noting that these levels represent the next trend keys, thus, the price needs to breach one of them to detect its next targets clearly. Therefore, our neutrality will remain valid until now, […]
